You focus on the home, we’ll focus on the loan

Spotlight program

Our commitment

Your needs, our priority. Let’s get moving.

There’s no one mortgage that suits every situation. It’s not nearly as simple as that. And while the right
mortgage can make all of the difference, the wrong one can make for plenty of frustration. With TIAA Bank, you’ll
have the help of mortgage experts who never lose sight of this fact and will be your support vehicle from mortgage selection
all the way through closing.

Up-front conditional approvals

House hunt with confidence with our Power Approval® program.

Lock in your rate

Lock your rate before you find a home with our Lock and Shop program, which includes a one-time rate reduction option.

Find your loan

We’ve got your needs covered

Like what you see? Rate locks are available, including a one-time rate reduction with our Lock and Shop program.

PREFERRED EQUITY
PRINCIPAL + INTEREST LINE

PREFERRED EQUITY
LOW DOWN PAYMENT OPTION

We lend solutions

First-time homebuyer

Loans in the millions

Low down payment options

Specialty financing

Don’t just dream it, own it

Are you ready to move from renter to equity builder? This is a time of great excitement that can present new challenges.
And it’s our job to conquer those challenges for you by delivering expert service and advice, great rates
and a loan process free of drama and heavy on communication.

Featured insights

Home financing that goes the extra mile

Getting the perfect home sometimes requires financing that goes beyond the norm. For times like that, we’re
pleased to offer jumbo financing up to $3 million, great rates and direct access to our mortgage experts. Everyone
has their own vision of the perfect home, some just dream on a larger scale.

Featured insights

Your path to homeownership starts here

Don't put off the dream any longer. Choose from our range of low down payment options, including a conventional fixed rate mortgage with down payments as low as 3% and no income limitations. Government insured loans, such as
FHA and VA loans are also popular choices for buyers in search of a more affordable path to homeownership.

Featured insights

Powerful financing for a range of goals

Our Preferred Equity Line is available as a primary or secondary mortgage for the purchase of primary, secondary
and even investment properties. Use the line as a financial tool for undertaking goals beyond the home purchase,
or use as a second mortgage (when paired with another TIAA Bank mortgage) to lower your down payment requirement
and avoid paying mortgage insurance.

Note: Not available in all states.

Featured insights

The Basics

Here for you every step of the way

View the key steps and various milestones that will mark your path to that new home loan.

1

2

3

4

Application

The first step to your new home loan is the application. With this basic information in hand, our mortgage experts will work with you to determine the right loan for you. There are many different things to consider when choosing your new loan type, and we’re here to help. You may complete your application online or over the phone. Once your application is submitted, you’ll want to start gathering important documents such as recent pay and bank statements.

Processing & Underwriting

All loan processing and underwriting occurs in-house at TIAA Bank. This streamlines our operations and can work to your advantage by helping to get you to closing sooner. During this time, our teams will work with you to ensure that all paperwork has been submitted and that everything is in order for a final approval of your new loan. We adhere to stringent lending policies that keep us on solid financial ground and instill confidence in all of our lending clients.

Approval

Loan approval is clearly a very key step in the process and comes from our in-house underwriting team. Once approved, your mortgage expert will be in touch to deliver the good news and to schedule your closing date. If you are buying a new home, this is the time to start contacting utility providers at your current residence and the new one about service and address changes.

Closing

The final and most exciting step is the closing. This is where you’ll get the keys to your new home and sign a variety of legal and other documents including your new mortgage. If you are closing on a new home purchase, various other people may attend the closing, including attorneys, real estate professionals and your seller.

Speak with an expert

15-Year Fixed Rate

Estimated taxes and insurance monthly payment could be $375. This is not included in the monthly payment stated above; nor do either of these payments include any required mortgage insurance premiums. Your actual payment will be higher. The assumed credit score may be higher or lower than your actual credit score.

All rates and Annual Percentage Rates (APRs) are accurate as of .

Rate assumptions

$300,000 loan amount

75% LTV

740 credit score

45-day rate lock

Escrow required

Purchase of existing single family home and primary residence in Jacksonville, FL, Duval Co.

15-Year Fixed Rate Jumbo

Estimated taxes and insurance monthly payment could be $1,458.33. This is not included in the monthly payment stated above; nor do either of these payments include any required mortgage insurance premiums. Your actual payment will be higher. The assumed credit score may be higher or lower than your actual credit score.

All rates and Annual Percentage Rates (APRs) are accurate as of .

Rate assumptions

$750,000 loan amount

75% LTV

775 credit score

45-day rate lock

Escrow required

Purchase of existing single family home and primary residence in Jacksonville, FL, Duval Co.

30-yr Fixed Rate

Estimated taxes and insurance monthly payment could be $375. This is not included in the monthly payment stated above; nor do either of these payments include any required mortgage insurance premiums. Your actual payment will be higher. The assumed credit score may be higher or lower than your actual credit score.

All rates and Annual Percentage Rates (APRs) are accurate as of .

Rate assumptions

$300,000 loan amount

75% LTV

740 credit score

45-day rate lock

Escrow required

Purchase of existing single family home and primary residence in Jacksonville, FL, Duval Co.

30-Year Fixed Rate Jumbo

Estimated taxes and insurance monthly payment could be $1,458.33. This is not included in the monthly payment stated above; nor do either of these payments include any required mortgage insurance premiums. Your actual payment will be higher. The assumed credit score may be higher or lower than your actual credit score.

All rates and Annual Percentage Rates (APRs) are accurate as of .

Rate assumptions

$750,000 loan amount

75% LTV

775 credit score

45-day rate lock

Escrow required

Purchase of existing single family home and primary residence in Jacksonville, FL, Duval Co.

Preferred Equity

Interest Only Line

Need to maximize cash flow? Our Preferred Equity Line—interest only option—could be a great way to keep payments low at the onset. Pay interest only during the initial draw period of this variable rate 30-year loan. You may access up to 90% of the line at closing.

Note: Not available in all states.

Spotlight rate

Current variable rates as low as 4.240% APR

Rate assumptions

760+ credit score

70% LTV or less with a total line amount equal to or greater than $500,000

Line must be secured by 1-unit single family residence

Preferred Equity

Principal + Interest Line

If you plan to be in a home for the long haul, paying principal and interest over the life of the line may be the right answer for you. It’s certainly the right answer for building equity in the property. You may access up to 100% of the line at closing.

Note: Not available in all states.

Spotlight rate

Current variable rates as low as 4.240% APR

Rate assumptions

760+ credit score

70% LTV or less with a total line amount equal to or greater than $500,000

Line must be secured by 1-unit single family residence

Preferred Equity

Low Down Payment Option

When you pair a conventional TIAA Bank home loan with our Preferred Equity Line, you could make a low down payment and avoid mortgage insurance—all while keeping your financial strategy on track. You may access up to 100% of the line at closing, with a line maximum of $500,000.

Note: Not available in all states.

Spotlight rate

Current variable rates as low as 5.375% APR

Rate assumptions

760+ credit score

70% LTV or less with a total line amount equal to or greater than $150,000

Line must be secured by 1-unit single family residence or eligible condominium